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HomeMy WebLinkAbout2021-06-14 21-230 OrderCITY COUNCIL ACTION Council Meeting Date: Item No: Responsible Dept: Requested Action: Summary Committee Action Meeting Date: For: Against: City Manager City Solicitor Finance Director Map/Lot: Introduced for: Order Committee: Action: Staff Comments & Approvals Date: Item No: Assigned to Councilor: BANGOR CENTER DEVELOPMENT DISTRICT PROPOSED BUDGET JULY 1, 2021 - JUNE 30, 2022 21-230 JUNE 14. 2021 Proposed Actual Actual Actual Actual Actual Actual Actual Actual Actual BCC/Downtown Bangor Partnership FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 Special Assessments (less overlay) 80,070 76,580 74,762 63,438 60,791 60,690 58,650 57,000 55,542 54,739 Carry Over From Previous Year - - 22,000 15,000 10,000 - 8,650 4,000 4,000 17,874 Revenue from Events/Misc. & Sponsorships 19,500 13,000 8,000 8,000 8,000 17,000 17,856 42,000 39,500 30,650 Amount from General Fund Total Budget 99,570 89,580 104,762 86,438 78,791 77,690 85,156 103,000 99,042 103,263 Year BCC % $ From % Assessed % Special % Special %Annual Overlay Funded District Annual General Annual Value of Annual Assessment' Annual Assessment Revenue Assessment July 1 to June 30 Budget Change Fund Change District Change Rate' Change to Budget Change Rate Overlay FY 1988 _ $ 120,000 $ 60,000 $ 67,730,400 $0.93 $ 62,996 FY 1989 $ 140,000 16.7% $ 52,000 -13.3% $ 79,588,100 17.5% $1.00 7.5% $ 79,588 26.3% FY 1990 _ $ 166,242 18.7% $ 52,000 0.0% $ 87,915,000 10.5% $1.30 30.0% $ 114,290 43.6% FY 1991 _ $ 111,473 -32.9% $ 28,000 -46.2% $ 90,668,700 3.1 % $0.78 -39.9% $ 70,794 -38.1 °� FY 1992 $ 84,892 -23.8% $ 0 -100.0% $ 89,365,000 -1.4% $0.51 -34.7% $ 45,576 -35.6% $0.02 $ 1,787 FY 1993 _ $ 47,000 -44.6% $ 0 0.0% $ 88,391,500 -1.1% $0.51 0.0% $ 45,080 -1.1% $0.02 $ 1,768 FY 1994 $ 52,500 11.7% $ 0 0.0% $ 85,133,900 -3.7% $0.51 0.0% $ 43,418 -3.7% $0.02 $ 1,703 FY 1995 $ 59,700 13.7% $ 0 0.0% $ 85,041,900 -0.1% $0.51 0.0% $ 43,371 -0.1% $0.02 $ 1,701 FY 1996 _ $ 66,000 10.6% $ 0 0.0% $ 85,567,600 0.6% $0.51 0.0% $ 43,639 0.6% $0.02 $ 1,711 FY 1997 _ $ 65,034 _ _1.5% $ 0 0.0% $ 80,482,900 -5.9% $0.51 0.0% $ 41,046 -5.9% $0.02 $ 1,610 FY 1998 _ $ 69,302 6.6% $ 0 0.0% $ 80,830,900 0.4% $0.51 0.0% $ 41,224 0.4% $0.02 $ 1,617 FY 1999 _ $ 56,636 -18.3% $ 0 0.0% $ 77,116,000 -4.6% $0.51 0.0% $ 39,329 _. -4.6% $0.02 $ 1,542 FY 2000 _ $ 44,625 _ -21.2% $ 0 0.0% $ 77,492,000 0.5% $0.51 0.0% $ 39,521 0.5% $0.02 $ 1,550 FY2001 _ $ 45,026 0.9% $ 0 0.0% $ 82,796,900 6.8% $0.51 0.0% $ 42,226 6.8% $0.02 $ 1,656 FY2002 $ 54,437 20.9% $ 0 0.0% $ 81,562,700 -1.5% $0.51 0.0% $ 41,597_ 1.5% $0.02 $ 1,631 FY 2003 $ 45,003 -17.3% $ 0 0.0% $ 77,200,000 -5.3% $0.51 0.0% $ 39,372 -5.3% $0.02 $ 1,544 FY 2004 _ $ _45,128 _ 0.3% $ _ 0 0.0% $ 79,570,600 3.1 % $0.51 0.0% $ 40,581 3.1 % _ $0.02 $ 1,591 FY 2005 _ $ _47,711 5.7% $ _ 0 0.0% $ 80,316,200 0.9% $0.51 0.0% $ 40,961 _. 0.9% $0.02 $ 1,606 FY 2006 $ 58,814 23.3% $ 0 0.0% $ 90,812,500 13.1 % $0.51 0.0% $ 46,314 13.1 % $0.02 $ 1,816 FY2007 _ _ $ _61,323 _ _66,199 _ 4.3% $ _ 0 _ 0.0% $ 92,000,800 _1.3% $0.51 0.0% $ _ 46,920_ 1.3% _ $0.02 $ 1,840' FY 2008 $ 8.0% $ 0 0.0% $ 96,658,100 5.1 % $0.51 0.0% $ 49,296 5.1 % $0.02 $ 1,933 FY 2009 _ $ 79,000 19.3% $ _ 0 0.0% $ 106,250,000 9.9% $0.51 0.0% $ 54,187 9.9% $0.02 $ 2,124 FY 2010 $ 96,312 21.9% $ 0 0.0% $ 106,778,400 0.5% $0.51 0.0% $ 54,456 0.5% $0.02 $ 2,135 FY 2011 _ $ 103,432 7.4% $ 0 0.0% $ 102,810,100 -3.7% $0.51 0.0% $ 52,432 -3.7% $0.02 $ 2,055 FY 2012 $ 95,089 -8.1 % $ 0 0.0% $ 102,957,100 0.1% $0.51 0.0% $ 52,507 0.1% $0.02 $ 2,058 FY 2013 _ $ 103,263 _99,042 8.6% $ 0 _ 0.0% $ 107,331,500 4.2% _1.5% $0.51 0.0% $ 54,739 4.3% $0.02 $ 2,147 FY 2014 $ -4.1 % $ 0 0.0% $ 108,905,800 $0.51 0.0% $ 55,542_ 1.5% $0.02 $ 2,178 FY 2015 $ 103,000 4.0% $ 0 0.0% $ 111,498,500 2.4% $0.51 0.0% $ 56,864 2.4% $0.02 $ 2,230 FY 2016 _ $ 85,156 -17.3% $ 0 _ 0.0% $ 115,000,000 3.1 % $0.51 0.0% $ 58,650 3.1 % _ $0.02 $ 2,300 FY 2017 _ $ 77,690 _78,791 -8.8% $ _ 0 0.0% $ 119,000,000 3.5% $0.51 0.0% $ 60,690 3.5% $0.02 $ 2,380 FY 2018 _ $ _86,438 _ 1.4% $ _ 0 0.0% $ 119,198,000 0.2% $0.51 0.0% $ 60,791 0.2% $0.02 _$0.02 $ 2,384 FY 2019 $ 9.7% $ 0 0.0% $ 124,389,200 4.4% $0.51 0.0% $ 63,438 4.4% $ 2,488 FY 2020 _ $ 104,762 21.2% $ _ 0 0.0% $ 146,591,400 17.8% $0.51 0.0% $ 74,762 17.8% $0.02 $ 2,932 FY 2021 $ 89,580 -14.5% $ 0 0.0% $ 150,157,500 2.4% $0.51 0.0% $ 76,580 2.4% $0.02 $ 3,003 FY 2022 $ 99,570 11.2% $ 0 0.0% $ 157,000,000 4.6% $0.51 0.0% $ 80,070 4.6% $0.02 $ 3,140 * Special assessment amount amended by CO 14-195 from $55,000 to $57,000 ATT - BCC Develop Dist Funding Comp FY 2022 Bangor Community and Economic Development 6/10/2021 IN CITY COUNCIL DUNE 14,2021 CO 21-230 Motion made and seconded for Passage. Passed �q,— z CI Y CLE